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09-29-2008, 08:24 PM | #1 |
Demiurge
Join Date: Aug 2005
Posts: 36,367
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Why the public is turning up its nose
Here we are in a situation where very rich companies with very rich employees who made a lot of money for a long time, are suffering and going under.
We are told a massive taxpayer-funded bailout is necessary. We are then told, that the plan is so good, that it may very well cost NOTHING, and that taxpayers might MAKE MONEY on the whole thing. And some of you morons are sitting around wondering why the public smells a rat. EVERYBODY WINS! WE ALL MAKE MONEY! NO PAIN FOR ANYONE! |
09-29-2008, 08:25 PM | #2 | |
Senior Member
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Quote:
1. They are too ignorant to understand the underlying economics 2. They are justifiably skeptical of the government |
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09-29-2008, 08:26 PM | #3 |
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09-29-2008, 08:27 PM | #4 |
Senior Member
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Posts: 2,326
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Bingo.
It will affect EVERYONE's 401K and retirement accounts. Not just the rich and wealthy who ripped the markets off. Unfortunately you can't separate the water from the oil at this time.
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Ohbama - The Original Bridge to Nowhere |
09-29-2008, 08:29 PM | #5 |
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Location: Seattle, WA
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I've got time for my accounts to recover. I've got patient money.
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Interrupt all you like. We're involved in a complicated story here, and not everything is quite what it seems to be. —Paul Auster |
09-29-2008, 08:28 PM | #6 |
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Location: Seattle, WA
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Unlike those sad sacks with their hands out who created this mess? Tell me why they were earning multiples of the average heart surgeon's salary.
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Interrupt all you like. We're involved in a complicated story here, and not everything is quite what it seems to be. —Paul Auster |
09-29-2008, 08:30 PM | #7 |
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09-29-2008, 08:35 PM | #8 |
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Indy, let me guess. Your employer was heavey into credit default swaps.
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Interrupt all you like. We're involved in a complicated story here, and not everything is quite what it seems to be. —Paul Auster |
09-29-2008, 09:02 PM | #9 |
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09-29-2008, 09:12 PM | #10 |
Assistant to the Regional Manager
Join Date: Aug 2005
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The truth is, I am not educated enough in the causes of the current crisis, to offer anything but speculation.
I generally oppose government stepping in to help failed businesses and the lack of transparency of the current proposal bothers me. But if government can stem the tide so that a cascading affect does not occur, while still maintaining the liquidity needed in the markets, it can make sense. The bottom line, many of us, especially me, don't know enough. Yet the culprits are getting away scott free.
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